Saudi Arabia intends to extend the $3 billion deposit it has with Pakistan.According to the journal, which cited sources with knowledge of the situation, Saudi Arabia is also considering offering more financial assistance in addition to renewing the deposits with the State Bank of Pakistan (SBP) as soon as this week.
The persons were quoted in the publication as saying, “The monarchy also plans to provide $100 million a month for 10 months in petroleum goods that will be granted as further support.”
Within two days, the announcement is anticipated, it was added.The International Monetary Fund (IMFprecondition )’s of Pakistan’s $4 billion funding gap being satisfied once the plan is put into effect will allow the lender to resume its programme.
